“When we launched these funds more than 10 years ago, our expense ratio was 0.65%. Our Board and the Management of the Select Sector SPDR Trust made a commitment to move expenses lower as assets grew,” said Dan Dolan, director of Wealth Management Strategies, Select Sector SPDR Trust in announcing the change. “The lowering of our expense ratio by another 8.7% is made in the spirit of that commitment, and to maintaining our “investor first’ approach, making our sector ETFs accessible and affordable to as many investors as possible.”